The MCA (Ministry of Corporate Affairs) issued a notification on 27th October 2023 introducing amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The amendments aim to streamline public and private companies‘ issuance and management of securities. Government Notification G.S.R. 802(E).—In the exercise of the authority given by section 29 read with section […]
Category: RTA Team
Transmission of Security Guidelines in Joint Demat Accounts i.e. Name Deletion
The NSDL has provided the uidelines for removing deceased holders’ names from joint demat accounts. Surviving holders must submit a specific request with the death certificate within a year of demise. If not, a new account will be opened. The guidelines detail the process for account holder succession, address updates, and verification procedures. The circular […]
Private Limited Companies Are Required To Demat Their Shares
The Ministry of Corporate Affairs issued a notification on October 27, 2023, introducing significant amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The regulations within the Companies Act, 2013 regarding the mandatory dematerialization of shares for private limited companies can be summarized as follows: Section 29 of the Companies Act, 2013 These […]
The ODR Platform For Resolving Investor Complaints
Issuer/Registrar & Share Transfer Agent (RTAs) have been officially notified that under the SEBI Circular (SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131) dated July 31, 2023, registration on the common is now mandatory. This portal harnesses online conciliation and online arbitration to resolve disputes arising in the Indian Securities Market. Read Also:- For enrolled on Smart ODR platform This innovative platform […]
Grievance Redressal Mechanism – Revised Timeline of 21 Days
In a recent Circular dated August 29, 2023, the attention of Issuers and R&T Agents has been drawn towards a Gazette Notification dated August 16, 2023. This notification is relevant to an important amendment in the Securities & Exchange Board of India (Depositories & Participants) Regulations, 2018, which is regarding, specifically, the amendment concerning the […]
Dematerialised Form AIFs Units Issuance As Per SEBI India
On June 21, 2023, a circular was issued by the Securities and Exchange Board of India (SEBI). It states new regulations for issuing units of Alternative Investment Funds (AIFs) in the form of dematerialization. The action is a crucial move proposing to enhance transparency and protect investors. In the Circular, deadlines and compliance requirements for […]
Top 5 SEBI Registered Registrar and Share Transfer Agent in India
Registrars and Transfer Agents play a role to monitor the data pertinent to the activities of the investors and maintain a record of them. Investors performed the chores concerned with the mutual funds within the Registrars and Transfer Agent hands at distinct branches. Such investors perform buy and sell of the shares accompanied by the […]
NSDL Circular: Revision Towards By-Laws and Business Rules
Here in this post, we will discuss about complete circulars as per the NSDL which will guide the reader to understand make a decisive part of its process within the compliance of SEBI and competitive authorities. Subject:- Amendments to Bye Laws and Business Rules of NSDL – Operational Guidelines for Demat of securities received for […]
Standardization of Documents for the Transmission of Securities and Simplification of Procedures
SEBI (Securities and Exchange Board of India) has released a detailed notification, announcing crucial changes, including simplification of the procedure for transmission of securities. The Board has also standardized the formats of documents required for transmission of securities in order to further simplify the process for the Registrars to an Issue and Share Transfer Agents […]
Individual Affidavits To Be Given By ALL The Legal Heirs
Here is an individual affidavits duly given by all the legal heirs to be named in succession certificate/ probate of will/ will/ letter of administration/ legal heirship certificate(or its equivalent certificate)/court decree* (for transmission of securities on the death of sole holder where no nomination has been registered). Also, understand that each deponent (legal heir)must […]
